Tax Reform Spurs Wave of Bonuses for American Workers | Speaker.gov

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Happy New Year and welcome to 2018, where Americans are waking up across the country with a brand new, pro-growth tax code. Despite the doom and gloom rhetoric from the Left and special-interest groups, millions of hardworking people are already seeing benefits. Check out some of the companies that have already taken steps to reward their employees following enactment of the Tax Cuts and Jobs Act, and view a running list at MajorityWhip.gov/taxreformworks:

AAON: $1,000 bonus to all non-officer employees.

Advance Financial: $500,000 in total bonuses to employees, increased 401(k) match from 3 to 5 percent, and increased contribution to its charitable foundation.

Aflac: $250 million boost in U.S. investments and increased 401(k) benefits for workers, including a one-time contribution of $500 to every employee’s retirement savings account.

Alaska Airlines: $1,000 bonus t o11,538 non-officer employees, totalling $11,536,000 in bonuses.

American Airlines: $1,000 bonus to non-officer employees, totalling approximately $130 million in bonuses.

American Bank: $1,000 bonus to 60 employees, totalling $60,000 in bonuses.

American Savings Bank: $1,000 bonus to 1,150 employees, nearly its entire workforce, and increased minimum wage to $15.15 per hour, up from $12.21 today.

Americollect: $500 bonus for 250 employees, totalling $125,000 in bonuses.

Aquesta Financial Holdings: $1,000 bonus to all of its employees, and increased minimum wage to $15 per hour.

Associated Bank: $500 bonus to nearly all employees and increased minimum wage to $15 per hour, up from $10 today.

AT&T: $1,000 bonus to its 200,000 U.S. workers and $1 billion boost in U.S. investments.

Atlast Air Worldwide: $1,000 bonus to 3,100 employees, totalling $3,100,000 in bonuses.

Bancorp South: $1,000 to 4,000 employees, totalling $200,000 in bonuses, and increased pay for more than 70 percent of employees.

Ball Ventures: $100 bonus to each employee for every year of their employment. 

Bank of America: $1,000 bonus for approximately 145,000 U.S. employees.

Bank of Colorado: $1,000 bonus for 641 employees, totalling $641,000,000 in bonuses.

Bank of Hawaii: $1,000 bonus for its 2,074 employees, or 95 percent of its workforce, and increased minimum wage to $15 per hour, up from $12 today.

Bank of the James: $15 minimum wage raise for employees with more than one year of serve, and increased charitable giving.

Bank of the Ozarks: $1,200 bonus for 2,300 employees, totalling $2,760,000 in bonuses.

BB&T Corp.: $1,200 bonus for almost three-fourths of its associates, or 27,000 employees, and increased minimum wage to $15 per hour, up from $12 today.

Berkshire Hills Bancorp: $1,000 bonus for 1,000 employees, totalling $1,000,000 in bonuses, and increased minimum wage to $15 per hour.

Boeing: $300 million boost in investments to employee gift-match programs, workforce development, and workplace improvements.

Central Bank of St. Louis: $1,000 bonus to full-time employees, $500 bonus to part-time employees, totalling $2,500,000 in bonuses for 2,500 employees.

Central Pacific Bank: $1,000 bonus all of its 850 non-executive level employees and increased minimum wage to $15.25 per hour, up from $12 today.

Charlie Bravo Aviation: $1,000 bonus for its six employees, totalling $6,000 in bonuses.

Charlotte Pipe and Foundry Company: $1,000 bonus for 1,400 employees, totalling $1,400,000 in bonuses.

Citizens Financial: $1,000 bonus to 12,500 employees, 70 percent of its total workforce.

Comcast NBCUniversal: $1,000 bonus for more than 100,000 employees.

Comerica: $1,000 for 7,659 non-officer employees, totalling $7,659,000 in bonuses, and increased minimum wage to $15 per hour.

Community Trust Bank: $1,000 bonus for full-time employees and $500 bonus for part-time employees, totalling $501,000 in bonuses.

Copperleaf Assisted Living: $600 bonus to 175 employees, toalling $105,000 in bonuses.

Dayton T. Brown Inc.: $400 bonus for its 210 employees.

Delaware Supermarkets Inc.: $150 bonus to 1,000 non-management employees and $150,000 increased investment in employee training and development programs.

DePatco Inc.: 200 employees to receive a bonus.

Dime Community Bancshares, Inc.: $1,000 bonus to 400 non-executive employees, totalling $400,000 in bonuses.

Elmer Smith Oil Company: $100,000 in bonuses to 300 employees.

Emkay, Inc.: $1,000 bonus to 150 employees, totalling $150,000 in bonuses.

Ennis Inc.: $500 bonus to 2,200 non-management employees, totalling $1,100,000 in bonuses.

EC Bancshares, Inc.: $500 bonus to full-time employees and $200 bonus to part-time non-executive management employees, and 10 new jobs added.

Express Employment Prc: $2,000 bonus to all non-executive level employees at the company’s Oklahoma City headquarters.

Fifth Third Bancorp: $1,000 for its 13,500 employees and raised minimum wage to $15 per hour, which alone will increase paychecks for nearly 3,000 workers.

FirstCapital Bank of Texas: $500 bonus for 197 employees, totalling $98,500 in bonuses.

First Farmers Bank & Trust: $750 bonus for all full time employees, minimum $150,000 annual investment in employee development, minimum $250,000 annual investment in community development, increase minimum hourly wage by $2.50 for all new employees.

First Financial Northwest: $1,000 for 138 non-officer employees, totalling $138,000 in bonuses.

First Hawaiian Bank: $1,500 bonus for its 2,264 employees and increased minimum wage to $15 per hour.

First Horizon National Corp.: $1,000 bonus to employees who do not participate in company-sponsored bonus plans.

First Tennessee: $1,000 bonus to 4,000 employees, totalling $4,000,000 in bonuses.

Gate City Bank: $1,000 bonus to its employees and $500,000 increased donation to its local community.

Gnarly Barley Brewery: Increased investment in equipment to expand, new coverage of health benefits for employees.

Great Southern Bancorp: $1,000 bonus to full-time employees, $500 bonus to part-time employees, affecting 1,200 workers and totalling $1,200,000 in bonuses.

Gulf Coast Bank: 50 percent increase in funds given to its community rewards program.

HarborOne Bank: $500 bonus to 600 employees, totalling $300,000 in bonuses.

Hartford Financial Services Group: $1,000 bonus to 9,500 employees making less than $75,000 per year or less, totalling $9,500,000 in bonuses.

Hawaii National Bank: $1,000 bonus to 168 employees, totalling $168,000 in bonuses.

IAT insurance Group: $3,000 bonus to 700 non-executive employees, totalling $2,100,000 in bonuses.

INB: $500 bonus to 200 non-senior executive employees, totalling $100,000 in bonuses.

Insurer Travelers, Inc.: $1,000 bonus to employees who make under $75,000 per year, and increased minimum wage to $15 per hour for workers who make less than that.

JetBlue: $1,000 bonus to 21,000 employees, totalling $21,000,000 in bonuses.

Jordan Winery: $1,000 bonus to 85 employees, totalling $85,000 in bonuses.

Kansas City Southern: $1,000 bonus to employees of its subsidiaries in the U.S. and Mexico.

Malaleuca: $100 bonus for every year an employee has worked at the company—an average of $800 for each of its 2,000 workers.

MB Financial, Inc.: $15 per hour minimum wage raise and $7,500,000 contirbution to its charitable foundation.

Mid-AM Metal Forming: 140 employees to receive a bonus.

National Bank Holdings Corp.: $1,000 bonus to all non-commissioned associates who earn a base salary under $50,000.

Nationwide: $1,000 bonus to 29,000 employees and increased contributions to 401(k) accounts for 33,000 employees.

Navient: $1,000 bonus to all non-officer employees, representing 98 percent of its total workforce.

Nelnet: $1,000 bonus for nearly all of its 4,100 employees.

Nephron Pharmaceuticals: Five percent wage increase for its 640 employees.

Nexus: 5 percent wage increase and plans to hire 200 new workers in 2018.

OceanFirst Bank: $15 minimum wage raise, up from $13.60 today, which will affect at least 166 employees.

Ohnward Bancshares: $1,000 bonus for its 260 employees, totalling $260,000 in bonuses.

Old Dominion Freight Line Inc.: $500 bonus to 22,000 employees, totalling $11,000,000 in bonuses.

PNC Bank: $1,000 bonus to 47,500 employees and $1,500 increase to workers' existing pension accounts.

Pinnacle Bank: $1,000 bonus for all of its full-time employees in Nebraska, Kansas, and Missouri.

Pioneer Credit Recovery: $1,000 bonus to its employees.

Regions Financial Corporation: increased minimum wage to $15 per hour, $40 million contribution to the company's charitable foundation, increased capital expenditures budget by approximately $100 million.

Rush Enterprises Inc.: $1,000 discretionary bonus to its 6,600 U.S. employees.

Sheffer Corporation: $1,000 bonus to 126 employees, totalling $126,000 in bonuses.

Sinclair Broadcast: $1,000 bonus to nearly 9,000 employees.

South Point: $1,000,000 paid out in total bonuses.

Southwest Airlines: $1,000 bonus to its employees and $5 million donation to charity.

Stifel Financial Corp.: $1,500 bonus for its 7,000 employees, totalling $10,500,000 in bonuses.

Summit State Bank: $2,000 bonus to 78 non-executive employees, totalling $156,000 in bonuses.

SunTrust: $15 minimum wage raise, $50 million increase in community grants, a one percent 401(k) contribution for all employees, and more.

TCF Financial: $1,000 bonus for full-time employees and $500 bonus for part-time employees, totalling $5,000,000 in bonuses, and $5,000,000 donation to its corporate foundation.

Territorial Savings Bank: $1,000 bonus to 247 employees, totalling $247,000 in bonuses, and increased minimum wage to $15 per hour, up from $11.25 today.

Texas Capital Bank: $1,000 bonus to 900 employees, totalling $900,000 in bonuses.

The Floor Insurance Agency: $1,000 to 17 employees, totalling $17,000 in bonuses.

Total System Services: $1,000 bonus to 11,500 employees excluding those at the senior director leveland above, totalling $11,500,000 in bonuses.

Travelers: $1,000 bonus to 14,000 employees with a base salary of $75,000 or less, totalling 14,000,000 in bonuses.

Turning Point Brands, Inc.: $1,000 bonus to 107 employees.

Unity Bank: $750 bonus to 200 non-executive management employees, totalling $150,000 in bonuses.

U.S. Bank: $1,000 bonus for nearly 60,000 employees, increased minimum wage to $15 per hour for hourly employees, and $150 million contribution to the U.S. Bank Foundation.

Washington Federal, Inc.: 5 percent wage increase for employees earning less than $100,000 per year and increased investments in technology infrastructure and community projects.

Webster Financial Corp: $1,000 bonus to 2,380 full-time employees below the vice president level, totalling $2,380,000, and increased minimum wage to $15 per hour.

Wells Fargo: $15 minimum wage raise, up from $13.50 today, and increased charitable giving by approximately 40 percent to $400 million.

Windsor Federal Savings: $250 bonus for all employees except senior management, and increased minimum wage to $15 per hour.

Western Alliance: 7.5 percent wage increase for the lowest-paid 50 percent of its employees.

YAM Worldwide: $2,000 bonus to employees who have been at the company longer than six months and $1,000 bonus to all other employees, affecting 725 employees and totalling $1,450,000 in bonuses.

Yancey Bros: $500 bonus to 1,200 employees, totalling $600,000 in bonuses.

Zions Bancorp: $1,000 bonus to 80 percent of its employees, or 10,056 workers, totalling $8,045,000 in bonuses.